TORONTO, March 3 /CNW/ - TD Asset Management Inc. (TDAM) today reported
long-term net sales of $51 million for the month, and money market net
redemptions of $146 million. Net assets invested in TD Mutual Funds totaled
$44.6 billion as of the end of February.
    "Overall, sales of long-term funds this RSP season were muted as
investors remain anxious about the recent declines in the financial markets,"
said Tim Pinnington, President, TD Mutual Funds.
    Sales of TD Comfort Portfolios, available through TD Canada Trust
branches(1), totaled $66 million for the month. "Since launching the product
in December 2008, we have seen net sales of the Comfort Portfolios totaling
over $120 million," said Pinnington. "This is a strong response by our
customers to a simple, diversified product that offers high-quality funds and
top-notch fund management."
    TD Mutual Funds' highest selling long-term funds for the month were the
TD Comfort Balanced Portfolio, TD Short Term Bond Fund, TD Comfort Growth
Portfolio, TD Corporate Bond Capital Yield Fund, and TD Dividend Growth Fund.

    About TD Asset Management Inc.
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    Under the TD Mutual Funds name, TDAM provides a diverse range of over 60
mutual funds and 20 professionally managed portfolios. TDAM manages retail
mutual fund assets on behalf of more than 1.4 million investors and TD Mutual
Funds is one of the most broadly diversified fund families in Canada. Funds
are available at TD Canada Trust branches (through TD Investment Services Inc.
representatives), TD Waterhouse Discount Brokerage, Financial Planning and
Private Investment Advice, as well as leading investment dealers, independent
brokers, advisors and financial planners. As of February 28, 2009, TDAM was
the fourth largest mutual fund company in Canada, with $44.6 billion invested
in TD Mutual Funds.

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    (1) Mutual funds representatives with TD Investment Services Inc.
        distribute mutual funds at TD Canada Trust branches.

For further information: Maria Leung, TD Bank Financial Group, (416)
983-4093, maria.leung@td.com